Overview Application and Account Holder Published on 24th March, 2021 This article guides on Fusion’s engagement activities and strategies outlining the process involved in integrating Fusion APIs. Fintech uses the Fusion APIs to launch and manage their modern banking system. Zeta on-behalf of fintech takes care of issuing cards, authorizing transactions, and communicating with payment settlement entities. Fusion partnered issuing banks offer a co-branded prepaid account proposition for fintech and neo-banking companies.
...
Glossary This page serves as a brief glossary of commonly used terms throughout Fusion documentation. They are covered in much more detail in Resource Types.
Term
Description
Account
An Account corresponds to one single liability or asset ledger and represents one integral value in a specified currency (balance).
Account Holder
Account holder is a real/legal customer to Fusion. Drawing from the real world analogy, account holder could be an actual person who holds an account at a bank or could be a legal entity like a corporate, merchant, so on.
...
KYC Methods: IDFC First Bank We have partnered with the IDFC First Bank to provide the KYC services to the fintechs. The IDFC First Bank enables the fintech to complete the KYC of the account holder using either of the following methods-
Minimal KYC Aadhaar OTP KYC Minimal KYC Step 1: Details’ verification In minimal KYC, the fintech shall verify the contact number, generally done via one-time passwords(OTP), and the identification proof, i.
...
Issue a Card You can issue a card to your Account Holder using either of the 3 methods as below.
Issue Bundle Issue payment product Issue multiple payment products Each of these methods are explained in the following sections. Prerequisites for Card Issuance In Fusion a Card can be ordered for an account holder by creating a card order. However to do this, the following prerequisites needs to be met:
...
Issuing a Bundle In this article, you learn about how to Issue a Bundle to an Account Holder.
Issuing a Bundle for an Account Holder would lead to issuance of artifacts of all of its constituent Products. A successful Bundle issuance would mean successful issuance of all its constituent products.
Depending on the constituent Products of the Bundle, the following steps are executed:
Issue an Account for every Account Product present in the Bundle Issue a Resource for every Payment Product present in the Bundle Issue a Form-Factor for every Payment Product present in the Bundle Even if a single Product has to be issued, it will be issued via the construct of a Bundle Get Bundle Get Bundle details by bundleID API(/bundles/bundleID) can be used to retrieve all the details of a bundle with that particular bundleId that are available to the fintech for issuance.
...
